Word: chiangs
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TIME's cover story this week examines the widespread changes that are taking place in China as it undergoes a "second revolution" under aging, pragmatic Deng Xiaoping. The story was the work of Staff Writer Pico Iyer, aided by Reporter-Researchers Oscar Chiang and Edward Gomez. Reporting for the cover was shared by three men, each of whom brought a very different perspective to the events he observed...
...provinces should be determined by market forces rather than by state decree, prices surged by as much as 50%. The rise triggered panic buying and brought back memories among older citizens of the hyperinflation that ravaged China in 1949 during the final months of the Nationalist government of Chiang Kai-shek...
...China, up 171% from 1983. Although the government winks at the practice, which is technically illegal, many businessmen want Taipei to let them tackle the mainland market head on. "We should open an office in Hong Kong to find out what the (Chinese) need," says a Taipei businessman. But Chiang remains unimpressed with mainland economic reforms. "They are Communists, and that will never change," he says. "They used to wear Mao suits without a tie, and now they wear Western suits with a tie. And you Westerners call that a change...
...Although Chiang is generally well liked by Taiwan's 19.1 million people, his age and diabetic condition have stirred speculation about a successor. Under the constitution, Vice President Lee Teng-hui, 62, would automatically succeed if a vacancy occurred. But Lee is a native Taiwanese who did not accompany Chiang's father, Chiang Kai-shek, when the Nationalists fled to Taiwan after the Communist takeover of the mainland in 1949, and he has never made it to the innermost circle of the KMT. Premier Yu Kuo-hwa, 71, who does not suffer those handicaps, has had to take much...
...rumored successor in the Chiang family, Second Son Chiang Hsiao-wu, $ 40, a broadcasting executive, has suffered from being linked in the press, perhaps unfairly, with the Henry Liu affair. Besides, many in Taiwan are uncomfortable with the idea of a Chiang dynasty. For the moment, having survived the worst scandals in the KMT's 39-year rule of Taiwan, people are mostly hoping that the current Chiang remains in good health...